Impact of Brokerage Rating on CDK Global, Inc.(CDK)

Many CDK Global, Inc.(CDK) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. CDK Global Inc was Upgraded by Morgan Stanley to Equal-Weight on Feb 3, 2017.

Company has reported several Insider transactions to the SEC, on Jun 2, 2016, Robert N. Karp (VP & President, ARNA) sold 27,573 shares at 55.12 per share price.

CDK Global Inc Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.55 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.56. The company had revenue of $547.80 million for the quarter, compared to analysts expectations of $545.74 million. The companys revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

CDK Global, Inc. (NASDAQ:CDK) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.2 by 5 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.

CDK Global, Inc. (NASDAQ:CDK): 3 analysts have set the short term price target of CDK Global, Inc. (NASDAQ:CDK) at $68.33. The standard deviation of short term price target has been estimated at $2.89, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 70 and $65 respectively.

CDK Global, Inc. (NASDAQ:CDK) rose 0.49% or 0.32 points on Tuesday and made its way into the gainers of the day. After trading began at $65.32 the stock was seen hitting $65.94 as a peak level and $65.15 as the lowest level. The stock ended up at $65.88. The daily volume was measured at 679,965 shares. The 52-week high of the share price is $65.94 and the 52-week low is $42.11. The company has a market cap of $9,553 million.

CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail industry. The Company operates in three segments: Automotive Retail Solutions North America, Automotive Retail Solutions International, and Digital Marketing Solutions. It integrates workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair and maintenance of vehicles. CDK Global, Inc. is based in Hoffman Estates, Illinois.

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